Can I retire at age 64 with 748,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $748,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$61,769$61,219$60,682$60,158$59,647$59,370
2 years$30,579$30,009$29,457$28,922$28,403$28,124
3 years$20,183$19,611$19,061$18,531$18,020$17,747
4 years$14,987$14,416$13,871$13,350$12,852$12,587
5 years$11,869$11,303$10,765$10,254$9,770$9,514
6 years$9,792$9,229$8,700$8,200$7,731$7,484
7 years$8,309$7,751$7,229$6,742$6,287$6,050
8 years$7,197$6,644$6,131$5,656$5,216$4,988
9 years$6,332$5,785$5,281$4,817$4,392$4,174
10 years$5,641$5,099$4,604$4,153$3,743$3,533
11 years$5,076$4,539$4,053$3,614$3,219$3,019
12 years$4,605$4,074$3,597$3,170$2,789$2,598
13 years$4,208$3,682$3,214$2,799$2,432$2,250
14 years$3,867$3,347$2,888$2,484$2,132$1,958
15 years$3,572$3,057$2,607$2,216$1,877$1,712
16 years$3,314$2,805$2,364$1,984$1,659$1,502
17 years$3,087$2,583$2,151$1,782$1,471$1,322
18 years$2,885$2,387$1,963$1,606$1,308$1,166
19 years$2,704$2,212$1,797$1,451$1,166$1,032
20 years$2,542$2,056$1,650$1,315$1,041$914
21 years$2,396$1,915$1,517$1,193$932$812
22 years$2,263$1,788$1,398$1,085$835$722
23 years$2,141$1,672$1,291$988$750$642
24 years$2,030$1,566$1,194$901$674$573
25 years$1,928$1,470$1,106$823$606$511
26 years$1,834$1,382$1,026$752$546$456
27 years$1,748$1,300$953$689$493$408
28 years$1,667$1,225$886$631$444$365
29 years$1,592$1,156$824$579$401$327
30 years$1,523$1,092$768$531$363$293
31 years$1,458$1,032$716$488$328$262
32 years$1,397$976$668$448$297$235
33 years$1,340$925$623$412$268$211
34 years$1,286$876$582$379$243$189
35 years$1,236$831$545$349$220$170
36 years$1,188$789$509$322$199$152
37 years$1,143$749$477$296$181$137
38 years$1,101$712$447$273$164$123
39 years$1,061$677$418$252$149$110
40 years$1,023$644$392$232$135$99
41 years$987$613$368$214$122$89
42 years$952$584$345$198$111$80
43 years$920$556$324$183$101$72
44 years$889$530$304$169$91$65
45 years$859$506$285$156$83$58
46 years$831$483$268$144$75$52
47 years$804$460$252$133$68$47
48 years$778$440$237$123$62$42
49 years$754$420$222$113$56$38
50 years$730$401$209$105$51$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $748,000, adding $6,394 every year, while hoping to spend $50,510 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 59/26/15 Blend
63$748,000$748,000$748,000$748,000
64$830,891$791,247$779,653$876,385
65$861,900$776,276$752,030$892,884
66$894,379$758,879$721,787$904,700
67$928,424$738,882$688,786$916,402
68$964,141$716,105$652,878$927,985
69$1,001,643$690,354$613,909$939,448
70$1,041,053$661,424$571,718$950,791
71$1,082,507$629,100$526,136$962,015
72$1,126,150$593,153$476,989$973,126
73$1,172,141$553,341$424,092$984,134
74$1,220,653$509,409$367,253$995,051
75$1,271,876$461,086$306,272$1,005,897
76$1,326,015$408,087$240,940$1,016,694
77$1,383,295$350,110$171,038$1,027,473
78$1,443,961$286,836$96,338$1,038,270
79$1,508,282$217,928$16,602$1,049,133
80$1,576,551$143,030$0$1,060,115
81$1,649,087$61,766$0$1,082,245
82$1,726,241$0$0$1,108,187
83$1,808,397$0$0$1,142,928
84$1,895,974$0$0$1,198,834
85$1,989,432$0$0$1,258,531
86$2,089,275$0$0$1,322,346
87$2,196,055$0$0$1,390,636
88$2,310,378$0$0$1,463,795
89$2,432,907$0$0$1,542,252
90$2,564,370$0$0$1,626,480
91$2,705,566$0$0$1,716,997
92$2,857,373$0$0$1,814,373
93$3,020,753$0$0$1,919,231
94$3,196,763$0$0$2,032,258
95$3,386,565$0$0$2,154,208
96$3,591,435$0$0$2,285,908
97$3,812,773$0$0$2,428,269
98$4,052,121$0$0$2,582,291
99$4,311,172$0$0$2,749,072
100$4,591,786$0$0$2,929,822